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Corporate governance and corporate finance

2014-15 Revision of the OECD Guidelines on Corporate Governance of State-Owned Enterprises

 

The OECD Guidelines on Corporate Governance of State-Owned Enterprises were adopted in 2005 as an internationally-agreed standard on how governments should exercise ownership of SOEs. The SOE Guidelines were reviewed and revised in 2015 to take into account developments since their adoption and the experiences of the growing number of countries that have taken steps to implement their recommendations.

 

The revision process was overseen by the OECD Corporate Governance Committee's OECD Working Party on State Ownership and Privatisation Practices. It involved extensive consultations with business and labour representatives, civil society and representatives of OECD's partner countries. The table below outlines the timeline and milestones for the revision process.

 

TIMELINE FOR THE REVIEW

2014
14 Feb
  

First stakeholder consultation to solicit advance input on the SOE Guidelines revision
2-3 April
  

Meeting of the Working Party on State Ownership and Privatisation Practices to discuss first draft of the revised Guidelines
May-Sept
  

Online public consultation on the second draft of revised Guidelines
8 Sept                    
 

Second stakeholder consultation to engage in a final discussion of the draft revised Guidelines
22-23 Oct  

Meeting of the Working Party on State Ownership and Privatisation Practices to discuss second draft of the revised Guidelines

2015
11-12 March
   Meeting of the Working Party on State Ownership and Privatisation Practices agree on a final version of the SOE Guidelines to be submitted to the OECD Corporate Governance Committee for approval
8 July   The updated Guidelines were adopted by the OECD in July 2015 as part of a Recommmendation of the Council.
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DOCUMENTS AND LINKS

2015 OECD Guidelines on Corporate Governance of State-Owned Enterprises 

 

Boards of directors of state-owned enterprises: An overview of national practices (2013)

 

Competitive neutrality: Maintaining a level playing field between public and private business (2012)

 

Accountability and transparency: A guide for state ownership (2010)‌

 

 

 

 

 

 

 

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